Sandvik Acquires US-based CAM Software Company Cambrio

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STOCKHOLM, Sweden, Oct 18, 2021 –  Sandvik has completed the previously announced acquisition of US-based Cambrio, a leading company with a portfolio in CAD/CAM software for manufacturing industries like automotive, transportation, energy, medical and aerospace.

 

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In 2020, Cambrio had revenues of about SEK 628 million (68 million USD) with an EBIT margin slightly dilutive to Sandvik Manufacturing and Machining Solutions. Impact on Sandvik’s earnings per share will be positive.

Cambrio will be reported in the Design & Planning Automation division within Sandvik Manufacturing and Machining Solutions.

About Sandvik Group

Sandvik is a high-tech and global engineering group offering products and services that enhance customer productivity, profitability and sustainability. We hold world-leading positions in selected areas – tools and tooling systems for metal cutting; equipment and tools, service and technical solutions for the mining industry and rock excavation within the construction industry; products in advanced stainless steels and special alloys as well as products for industrial heating. In 2020 the Group had approximately 37,000 employees and revenues of about 86 billion SEK in more than 160 countries within continuing operations. For more information, visit https://www.home.sandvik.